Cramer said the company is firing on all cylinders and expects the retailer to report strong first-quarter results after the market close today.
"I was in Philly this weekend throwing out the first ball [at the Philadelphia Phillies game] so I had done a lot of work on Urban because the press asked me who is doing well, and I am very excited about their 2015 because of the turn in the flagship," Cramer said Monday morning. "But we will know more tonight."
The consensus estimate calls for Urban Outfitters to report earnings of 30 cents a share on revenue of $758.07 million, according to analysts polled by Thomson Reuters. In the first quarter last year, the retailer reported earnings of 26 cents a share, which just missed the consensus estimate of 27 cents a share. Revenue totaled $686.31 million, which beat analysts' expectations of $680.19 million.
In the fourth quarter last year, Urban Outfitters reported EPS of 60 cents, which surpassed the consensus estimate of 57 cents. Revenue totaled $1.011 billion, which beat analysts' expectations of $1.007 billion.
Separately, TheStreet Ratings team rates URBAN OUTFITTERS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate URBAN OUTFITTERS INC (URBN) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income."